Just enter the value and get the answer, this excel file will work for any value The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below. ELLIOTT COMPANY Balance Sheets December 31 (in thousands) 2014 2013 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 648 � 578 Inventory 655 � 585 Prepaid expenses � 130 � 160 Total current assets � � 1,763 1,683 Property, plant, and equipment (net) 410 � 380 Investments 188 � 188 Intangibles and other assets 530 � 510 Total assets $2,891 $2,761 Current liabilities � $998 $968 Long-term liabilities 675 � 575 Stockholders’ equity”�common � 1,218 1,218 Total liabilities and stockholders’ equity $2,891 $2,761 ELLIOTT COMPANY Income Statements For the Year Ended December 31 (in thousands) 2014 2013 Sales revenue $3,995 $3,655 Costs and expenses Cost of goods sold 1,148 1,068 Selling & administrative expenses 2,400 2,330 Interest expense � 10 � 20 Total costs and expenses 3,558 3,418 Income before income taxes 437 � 237 Income tax expense 175 � 95 Net income � $ 262 $ 142 Compute the following ratios for 2014 and 2013. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.) (a) � Current ratio. (b) � Inventory turnover. (Inventory on December 31, 2012, was $400.) (c) � Profit margin. (d) � Return on assets. (Assets on December 31, 2012, were $2,700.) (e) � Return on common stockholders’ equity. (Equity on December 31, 2012, was $990.) (f) � Debt to assets ratio. (g) � Times interest earned.
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